KUALA LUMPUR (Dec 2): CelcomDigi Bhd (KL:CDB), Maxis Bhd (KL:MAXIS) and YTL Power International Bhd (KL:YTLPOWR) will fork out RM327.9 million each to acquire the government’s stake in Digital Nasional Bhd (DNB). YTL Power owns YTL Communications Sdn Bhd, the party to the deal.
CelcomDigi received a put option notice from the Minister of Finance (MOF) Inc on Dec 1, 2025 requiring the trio to take over its stake and existing shareholder loan at RM327.87 million each, according to CelcomDigi’s exchange filing on Tuesday.
The telcos have been given two months to complete the exercise.
Maxis announced the same in a separate bourse filing, while YTL Power has yet to issue an announcement.
According to bourse filings dated Aug 15, MOF Inc holds RM500.1 million of DNB’s issued share capital and provided RM250.2 million in shareholder advances.
The figures represent 41.67% issued share capital and shareholder advances in DNB, while CelcomDigi, Maxis and YTL Power each hold 19.44%.
It is understood that post-MOF Inc exit, the three telcos will each hold a third of issued share capital and shareholder advances in the 5G network wholesaler.
Back in May, CelcomDigi, Maxis, YTL Power and MOF Inc took over U Mobile Sdn Bhd’s stake in DNB, after the telco was appointed to roll out the country’s second 5G network.
DNB, a special-purpose vehicle under MOF, was initially established to deploy 5G infrastructure and serve as the sole provider of wholesale 5G services to telcos.
But later, the government opted for a dual wholesale network model, wherein U Mobile was appointed in November 2024 to deploy the second 5G network.
Shares in CelcomDigi closed six sen or 1.8% higher at RM3.39 on Tuesday, valuing the group at RM39.77 billion.
Maxis shares were down seven sen or 1.76% at RM3.91, valuing the group at RM30.64 billion. Shares in YTL Power were up two sen or 0.61% at RM3.28, valuing the group at RM28.48 billion.